Innovative Solutions & Support (ISSC) Reports Q3 EPS of $0.07

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Go back to Innovative Solutions & Support (ISSC) Reports Q3 EPS of $0.07

Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2020 Financial Results

August 5, 2020 4:30 PM EDT

Recent OEM Contract with Textron Further Solidifies Growing ThrustSense® Auto-Throttle Franchise

EXTON, Pa.--(BUSINESS WIRE)-- Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal 2020, ended June 30, 2020.

For the third quarter of fiscal 2020, the Company reported net sales of $6.0 million, up 30% from $4.6 million in the third quarter a year ago. The Company reported third quarter net income of $1.3 million, or $0.07 per share, an increase of 146% and 133% respectively, as compared to the $0.5 million, or $0.03 per share, in the third... More